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How To Spot A Home Renovation Scam

If you have ever embarked on a home renovation plan, you know that it can be difficult at times and a source of stress so it may be tempting to try to use one of the myriad of specials that seem to be everywhere these days. But while there are some good options out there, it is wise to live by the old saying “If it sounds too good to be true, it probably is.”

So how do you know who to trust and what deals will really make your renovation project easier? Well, it’s hard to know for sure but there are some tips that you should keep in mind when weighing your options on these types of deals. And of course, the most important thing you can do is to be cautious and stay informed throughout the process.

One red flag is the “one-time” special. It is pretty impossible to believe that any reputable business will have one sale in an entire year, especially considering the economic climate today. If a contractor is trying to pressure you into a decision by telling you the deal will expire before you have had a chance to check competitors, take a pass. Also remember to ask for proof that the quote you are receiving is lower that they have charged for the same work in the past.

Be wary of someone who knocks on your door or approaches in an unmarked vehicle under the guise that they are working in the neighborhood or just noticed a repair you may need. When hiring anyone to work on your home, always verify their name, business and other credentials. Keep in mind that this is an old trick tried successfully by burglars and you definitely don’t want to fall prey to something like that in an effort to secure a discount on a new roof or other repair.

At the top of your list of scam-artist warning signs should be anyone who asks for payment up front. An estimate followed by a percentage of the job should be sufficient to get the job and make sure to inspect the final work before making the final payment. As with any other job that you may finance, if you are considering this option to help pay for your job, be sure to read all of the loan papers carefully and shop around for the best terms. Still not sure? Hire an attorney to review and advise you on the specifics.

Home renovation can be very rewarding and with a little caution and common sense, you will be on your way to your dream house in no time!

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